Rise Gardens, a Chicago, IL-based provider of indoor, smart hydroponic garden systems, raised $9m in Series A funding.
The round, which brought the total amount raised to date to $13m, was led by Telus Ventures, with participation from True Ventures and Amazon Alexa Fund and new investor Listen Ventures.
The company intends to use the funds to continue product innovation and expansion into new markets.
Led by Hank Adams, Founder and CEO, Rise Gardens makes an IoT-connected, indoor hydroponic gardening system that features everything needed to grow a wide variety of vegetables, herbs and microgreens at home, year-round. The systems include a mobile app that monitors water levels and plant progress, and reminds users when and how much to water, fertilize, and care for their plants. The company’s Family Garden has a modular design allowing for one, two, or three levels of growth, accommodating everything from greens and herbs to micro greens, tomatoes, and beets.
According to the company, to date, customers have harvested over 40,000 plants, which is over 12,000 pounds of produce grown for more than 3,000 families across the United States, Canada and Mexico.
This week, Rise Gardens, formerly a DTC-only brand, is also launching for sale on Amazon as the company’s first retail channel.
FinSMEs
19/07/2021